Market Size of vietnam freight and logistics Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 48.57 Billion |
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Market Size (2030) | USD 71.88 Billion |
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Largest Share by Logistics Function | Freight Transport |
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CAGR (2024 - 2030) | 6.75 % |
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Fastest Growing by Logistics Function | Courier, Express, and Parcel (CEP) |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Vietnam Freight and Logistics Market Analysis
The Vietnam Freight and Logistics Market size is estimated at 48.57 billion USD in 2024, and is expected to reach 71.88 billion USD by 2030, growing at a CAGR of 6.75% during the forecast period (2024-2030).
48.57 Billion
Market Size in 2024 (USD)
71.88 Billion
Market Size in 2030 (USD)
5.21 %
CAGR (2017-2023)
6.75 %
CAGR (2024-2030)
Fastest Growing Market by Mode of Transport
8.63 %
Projected CAGR, Pipelines, 2024-2030
The Thi Vai terminal project, an investment of Petrovietnam Gas, was officially put into operation in October 2023. It is equipped with a storage tank, a gas pipeline, and an operating center.
Largest CEP Market by Destination
62.81 %
value share, Domestic, 2023
E-commerce, a major driver for domestic CEP growth, was valued at USD 11.1 billion as of 2023, and domestic CEP volume grew in 2023.
Largest Market by End User Industry
35.36 %
value share, Manufacturing, 2023
The added value of industrial production in Vietnam rose by 3.02% during 2023, with the manufacturing and processing sector registering an increase of 3.62%.
Largest Warehousing Market by Temperature Control
92.18 %
value share, Non-Temperature Controlled, 2023
In Q4 2023, Thang Long II Industrial Property (IP) in Hung Yen province expanded its offerings, adding 121 hectares of warehouse land to the market.
Fastest Growing Warehousing Market by Temperature Control
6.48 %
Projected CAGR, Temperature Controlled, 2024-2030
The southern region of Vietnam established a more developed market for temperature-controlled warehousing, primarily due to increasing demand from seafood exporters.
Rising GDP contribution, along with trade flows, leading freight and logistics market demand
- In December 2023, Vietnam announced a USD 70 billion investment to establish a comprehensive high-speed railway network across the country. This move is crucial as Vietnam's current railway infrastructure lags behind its Southeast Asian counterparts. The proposed national network will feature a double-track system capable of speeds up to 350 kilometers per hour. It will adhere to a standard gauge of 1,435 millimeters and support an axle load of 22.5 metric tons.
- Infrastructure development has played a pivotal role in bolstering the Vietnamese road freight industry. Collaboratively, Ho Chi Minh City and Dong Nai Province are spearheading the construction of the Cat Lai bridge, linking District 2 in Ho Chi Minh City with Nhon Trach district in Dong Nai. Despite facing notable delays, this project, with a capital investment of USD 288 million, is now in progress. Furthermore, the Ministry of Transport has actively invested in the My Thuan - Can Tho expressway. Stretching 23.6 km, this expressway, with a total investment of approximately USD 216 million, was completed by the close of 2023.
- Vietnam is channeling substantial funds into airport renovations and constructions, with the aim of establishing itself as a leading regional hub for international travelers in Southeast Asia. As per the 2023 plan by the Ministry of Transport (MoT), Vietnam is on track to have 30 airports by 2030, and that number is projected to rise to 33 by 2050. Hanoi and Ho Chi Minh City are poised to become the country's major aviation hubs. The government is expected to allocate over USD 4 billion to expand Hanoi's Noi Bai International Airport, enabling it to handle 60 million passengers by 2030, a 2.5-fold increase from its current capacity.
Understand The Key Trends Shaping This Market
